Form 4: PegaSystems COO, CFO Kenneth Stillwell Reports Stock Sales
SEC Filing Form 4
Kenneth Stillwell, COO and CFO of PegaSystems, reports selling shares of common stock on May 1, 2025, according to a Form 4 filing with the SEC.
Summary
- Kenneth Stillwell, the COO and CFO of PegaSystems, filed a Form 4 with the SEC.
- The filing reports the sale of PegaSystems common stock on May 1, 2025.
- A total of 1,700 shares were sold at a weighted average price of $92.71.
- An additional 300 shares were sold at a weighted average price of $94.17.
- These sales were executed under a pre-arranged trading plan adopted on August 29, 2024, under Rule 10b5-1.
- Following these transactions, Stillwell beneficially owns 19,495 shares of PegaSystems common stock, excluding unvested restricted stock units and/or option awards.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock sales by an executive, which is neutral in sentiment.
Industry Context
Form 4 filings are a routine part of insider trading activity and are used by investors to understand the trading activity of company insiders.
Stakeholder Impact
- The stock sales by a key executive could be perceived negatively by some shareholders, but the pre-arranged trading plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 2024-08-29 | Date of adoption of pre-arranged trading plan under Rule 10b5-1. |
| 2025-05-01 | Date of stock sale transactions. |
| 2025-05-05 | Date of signature on the Form 4 filing. |
Keywords
Form 4, SEC, PegaSystems, PEGA, Kenneth Stillwell, Stock Sale, Rule 10b5-1, COO, CFO
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